Crude Oil/WTI: Oil skids on renewed concern of higher US production

Oil is under pressure on increasing US production. OPEC-Non OPEC allies may execute a long-term alliance beyond 2018. Crude oil (WTI) is now trading around 59.95, in the New York session, having skidded almost 1.07% and so far made a day low of 59.71 on renewed concerns about higher US …

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